Created on: 2017-01-30 14:54:20
Last update: 2017-01-30 14:54:20
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About Corporacion Interamericana Para El Financiamiento de Infraestructura (CIFI)
Costa del Este, Panama City, location of MMG Tower. Photo: Maria Mertens via Flickr (CC BY-SA 2.0)The Spanish bank Bankia and the Inter-American Investment Corporation established Corporacion Interamericana Para El Financiamiento de Infraestructura S.A. (CIFI) in 2001. CIFI is a financial institution, based in Panama, that arranges and provides debt financing to privately owned infrastructure projects in Latin America and the Caribbean. The financial institution is mainly active in the energy, oil and gas, transportation, telecommunications, water, environmental, social infrastructure and tourism industry segments. Since 2001 it has been involved in projects totalling USD 1.3 billion. At the end of 2016 CIFI controlled assets worth USD 309 million.
CIFI adopted the Equator Principles in 2007, and this financial institution is profiled as part of BankTrack's Equator Principles Track and Chase Project.
| Website | http://www.cifi.com/en/ |
| Headquarters |
MMG Tower, Costa del Este, 13th floor Office 13ª, 13A Avenue Paseo Del Mar, Cost
Panama City
Panama
|
| CEO/chair |
Cesar Canedo Arguelles Chief Executive Officer |
| Supervisor | |
| Annual reports |
2015 Annual Environmental and Social Performance Report Financial report 31st Dec 2015 |
| Ownership |
The shareholding structure of CIFI includes commercial banks (Banistmo, Banco Pichincha, Caicha Banco de Investimento, Itau-Unibanco), investment funds (Finnfund, Norfund (major shareholder))and multilateral agencies (Caribbean Development Bank, BCIE and IFC). |
Documents
Policies
Voluntary initiatives
Corporacion Interamericana Para El Financiamiento de Infraestructura (CIFI) has committed itself to the following voluntary standards:Issues
Corporacion Interamericana Para El Financiamiento de Infraestructura (CIFI) and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Corporacion Interamericana Para El Financiamiento de Infraestructura (CIFI) adopted the Equator Principles in 2007.
Reporting on the Equator Principles
Corporacion Interamericana Para El Financiamiento de Infraestructura (CIFI) must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- Corporacion Interamericana Para El Financiamiento de Infraestructura (CIFI) is in compliance with its reporting obligations. The 2015 report can be found here.